Posts Tagged 2012
Predictions for U.S. Economy in 2012
The past three years has seen an economic downturn in the United States of such proportions that we have not witnessed since the Great Depression of the 1930’s. With a staggering unemployment rate of around 9%, there are unprecedented amounts of debt –with consumer confidence at near lows at the end of 2011. The projected economic forecast for 2012 does not seem all that much brighter.
While there are certain positive signs the economy has not fully tanked, there are now several forces at work which are predicted to keep our economy from fully turning around by the end of 2012. While economic forecasts cannot be fully accurate given that heretofore unknown factors can have a great impact. Unknown factors such as the 9/11 attack in 2001 which sent the US economy plunging down further than it was after the “Tech Bust” of 2000.